Islamabad: The Pakistan Stock Exchange's benchmark KSE-100 index surged nearly 800 points to close at 156,181, approaching its all-time high.

Trading volume increased significantly to 1.35 billion shares compared to the previous day's 858 million. Market analysts predict the index will likely encounter resistance at 156,468, yesterday's peak. A breach above this level could propel the KSE-100 to its historical high of 157,817. Conversely, any decline could find support between 154,360 and 155,460. A drop below this range might signal a renewed downtrend, targeting 153,765 and 151,262. Investors are advised to exercise caution at these elevated levels and consider accumulating stocks during dips. Immediate support and resistance levels are identified at 155,819 and 156,505, respectively.

Oil and Gas Development Company (OGDC) is showing signs of resuming its upward trajectory. Analysts recommend a "buy on dips" strategy for OGDC, with target prices of Rs275.17 and Rs277.39 and a stop-loss at Rs268.50. Maple Leaf Cement Factory (MLCF) is also anticipated to maintain a steady upward movement. A similar "buy on dips" approach is suggested for MLCF, aiming for Rs107.60 and Rs111.61, with a stop-loss set at Rs102.00.